The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-08-12

A"eroslhB Afhou una rkuroH ABOUT the
Old Wosld's supply "a
Nee. York Tribune. /. & y /. I. X
The worlds wheat supply, always q
matter Of great interest, becomes q
problem Of special curiosity In view Of
fscts which como by tho Misunderstanding
wires from all parts Of the globe. In
Vienna wheat Is at the lowost price ior
twenty.threo years, which implies All uu.
uAually. large production in Austro. Hun.
gary and the Dannbian region. In Rus.
sia the yield is irregular, but on the whole
appears to be large! In France, according
10 Official estimstes, tho crop exceeds that
Of laat year by five million hec.olitrss, or
"A 100 900 bushels French imports for
ten months Of this year have been sc, 265,.
0Sl bushels, Of which Il, $40, $40 were
from the United Statoo, 90 that the In.
crease Of yield above reported 10 about
half these imports. Britiah threshinv
throughout Southern England has caused
decline OF A TO cents per bnshel with.
In the past fortnight, and the Mark Lane
Erpress Gays that farmers have now mo
prospect Of escaping rulnously low pricea.n
California wheat has dropped 80 cents per
bnshel OF Liverpool, the 10 600 900 bush.
els there and on the way being a heavy
load to carry. Meanwhile the Ohio State
report makes The wheat yield 100000
bushels, or one.fifth less than that Of last
year, while considerably injury from
drouth Is reported in far Northwestern
States. But o long train loaded only with
with 100 tons OF twino for a single wheat
farm in Dakota is rolling westward across
tho continent. n 7j4y g Z. ~
Thesa facts are sufficiently contradic.
tory, but now comea . dispatch from far.
OF India, stating that powerful effort
Is to bo made through Indian merchants
In England to aecurs reduction in railway
freighta In India. The cost OF transpor.
tation by railroads In that country ia 90
high that II moro than counturbalsncss
any difference in cost Of production be-.
tween India and tho United States, due
TO cheapnese OF Indian labor. The object
Is 70 enable India to conpste more effect.
lively with American wheat, aud thus, the
Director Of Agriculture says, to force tho
United States TO lower its tariff and open
Its markets to Britiah industry.
The Indian Government maniiests that
WONDERFULLY salf.ssctifcing spirit which
British manufacturers always havs 90 con-
spicuously shown; they want American
tariffs reduced go that the United Staten
may compete moro powerfully With
British manufacturers, while the au.hofi.
:tes OF India wan. the export price Of
wheat from that country reduced, so that
Europe may secure tho industrial cub.
lection OF the United States, and buy
more wheat here and less from the far
East. -. "a x Z n /. 81 g
One or two conclusions may DO drawn
from these facts. With a smaller yield
than that Of last yearip the United States,
the world ie likely to have . somewhat
larger wheat suppiy from other 'sources,
which may be III effect increased by any
Ghsnge in transportation charges in India.
But the prospect 40 1t stands is most dis.
hoartening to wheat growers in Great
Britain and in many parts Of Europe,
toreshsdowing a range Of prices hslow tho
actual coat of production Tiers. Anything
like q full crop in this country, without
material decrease In tho Yield in other
countries, must further depress the price
for all Europe, for full yield here would
mean sixty to eighty million bushels more
than our last years crop. Diminishing
yield in Europeis tho natural consequence
ol these conditions, but that cannot bs
fels Tor at lesst year to come, and mesn.
white tho composition to sell is likely to
affect changes Tor transportation and the
prics realized iby producere. Thus the
prosperity Of msny nations Is linked to-
gsther, aud railroad companies on the
Ganges aud on the Mississippi, and grain
producers along the Undue, the Danube,
the Missouri and the Columbia are all
affected by tbs progress Of the atruSgle.